Oshkosh (NYSE:OSK - Get Free Report) had its target price reduced by research analysts at Truist Financial from $118.00 to $94.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price target indicates a potential upside of 9.38% from the stock's previous close.
Several other analysts have also commented on OSK. UBS Group decreased their price objective on Oshkosh from $137.00 to $97.00 and set a "buy" rating for the company in a report on Monday, April 7th. Evercore ISI increased their price target on Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Raymond James boosted their price target on Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. KeyCorp decreased their price objective on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group dropped their target price on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $117.38.
View Our Latest Stock Analysis on Oshkosh
Oshkosh Stock Up 1.7 %
Shares of NYSE OSK traded up $1.45 during mid-day trading on Tuesday, reaching $85.94. 764,892 shares of the company were exchanged, compared to its average volume of 588,841. The firm has a 50-day moving average of $98.14 and a 200 day moving average of $101.06. Oshkosh has a 1 year low of $76.82 and a 1 year high of $125.00. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 1.45 and a beta of 1.26.
Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, research analysts expect that Oshkosh will post 10.96 earnings per share for the current year.
Institutional Trading of Oshkosh
Several hedge funds and other institutional investors have recently bought and sold shares of OSK. Parallel Advisors LLC boosted its position in Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares in the last quarter. Blue Trust Inc. raised its position in shares of Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after acquiring an additional 138 shares during the period. Coppell Advisory Solutions LLC boosted its stake in shares of Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after acquiring an additional 110 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Oshkosh during the 4th quarter valued at about $32,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Oshkosh in the 4th quarter valued at about $34,000. 92.36% of the stock is owned by institutional investors and hedge funds.
About Oshkosh
(
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Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.
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